BITCOIN - I am closing This Trade...I'm not pleased with the price movements across various cryptocurrency markets, so I've decided to exit this trade. I'm considering this a zig-zag pattern for now and opting for a cautious approach.
BLX
BITCOIN - Wave iii of Wave 5 In Progress...A thorough examination of previous waves indicates that we're currently in Wave iii of Wave 5.
Following a bullish breakout beyond the previously mentioned levels, the $42,656 support held well, serving as an effective stop level for risk management.
For those who remained patient and overlooked the volatility at the lows, their perseverance is now yielding results.
With this being recognized as a 5-Wave Move, my minimum expectation now targets the highs around $49,000.
BITCOIN - My View On This Trade and Coming Trends...In this video I go through the larger pattern and give you my thoughts on the smaller degree trade that we are currently following and making good gains on.
However this is just the beginning of many known moves to come which are part of a repeating serious of fractal patterns which AriasWave is based upon.
This is the reason we are in such a wonderful trade, that's because I understand very well that there can only ever be a certain amount of patterns that occur in a correction and all their variances.
I also cover psychology but not in the way most people try to make it important but in the way it really affects traders.
BITCOIN - Long Trade Wave Identification Update...With a revised wave count, the patterns established overnight indicate a preference for an upward movement.
According to this count, support is identified at $42,656.
If this count holds true, we've likely already validated an upward movement, yet surpassing $43,571 would further bolster confidence.
Anticipate an imminent upward breakout. Initial target set at $48,000, with potential for all-time highs contingent upon the strength of the surge.
BITCOIN - Let's Play Devil's Advocate - What If?As noted in my previous video, deciphering this count has proven challenging. Therefore, based on my latest bullish analysis, I'd like to present a bearish perspective.
However, it's crucial to acknowledge that these viewpoints heavily rely on whether a low or high is breached. As of my posting, we've retraced to .618 in a somewhat choppy and feeble manner. Take a look at the count and draw your own conclusions.
My belief is that if we surpass $43,565, we'll ascend further, but if we dip below $42,331, we'll likely trend downward.
Await a breakout and share your insights by leaving a comment on your predictions.
BITCOIN - Long Trade Video - My Reasoning on Small\Large Degree.In this video, I outline the recent shifts in my perspective over the past few days and the reasons behind them. To make reasoned decisions within the context of AriasWave, I needed to identify a point of failure, which I accomplished within the last 24 hours.
When it comes to trading, errors can result in being stopped out, but I've had several successful trades prior to this setback, so it's not overly concerning.
The positive aspect is that we now have a new objective: aiming for the highs. It's crucial to recognize when one's perspective is incorrect and adapt accordingly, or else risk further losses. In this instance, the change in price action has influenced my viewpoint, as it should.
The support level remains at $42,224, with a current target set at $48,000, though this may potentially increase. We'll observe how the situation unfolds.
Bitcoin - Long Trade Idea - Updated Target...Based on my revised analysis, it appears that we are currently in Wave (C) of the presumed zig-zag pattern.
A minimum expectation is for prices to reach the $48,000 range. To validate this projection, we need to observe a breakthrough at the $43,565 level.
If this count proves accurate, it suggests a larger zig-zag pattern than initially anticipated, with a supportive level at $42,224.
While the possibility of this evolving into a more extensive 5-Wave Move cannot be entirely ruled out, it is prudent to exercise caution, especially around the peak levels. It's important to note that this count has not been confirmed yet, emphasizing the need for a cautious approach.
BITCOIN - Long Trade Setup - Non Confirmation...Because of discrepancies in the recent price movement compared to my initial pattern assessment, I've formulated a bullish trading proposal indicating that we might be experiencing a Wave B rebound within a zig-zag pattern. Should the support at $42,224 persist, there's a possibility of prices rebounding beyond $44,000, with a target set at a minimum of $44,500.
BITCOIN - Short Trade Update - Get Ready For Wave 3 Down...Considering the recent price movements, I suggest that Wave 3 downward is on the verge of commencing. My current analysis indicates the formation of a 1-2 i-ii pattern, signaling an imminent reversal. To confirm this reversal, three key levels must be breached: $42,229, $41,890, and $41,620. In the event that Wave 3 initiates, I am unable to provide a target at this time. Updates will be provided as the process unfolds, particularly upon breaking the aforementioned levels.
Further insights into this change will be elaborated in my upcoming video.
For risk management, it is advisable to set a protective stop at $43,490.
BITCOIN - Short Idea Update - Looking For A Move Lower...Up to this point, I've observed various indicators signaling an imminent downward movement. The sluggish progression is attributed to consistently low trading volumes on most weekends.
Despite the gradual unfolding, I want to share my perspective on the current situation. After capitalizing on profits from the corrective bounce, I am now anticipating a breach of the $41,620 lows. Such a breach would validate the conclusion that Wave E concluded at its peak, prompting us to prepare for an eventual downturn.
However, this downturn may not occur immediately.
My purpose in providing regular updates is not to invalidate the view just because a bounce occurred but rather to underscore the importance of comprehending market waves, particularly in a corrective range scenario.
This understanding can prove valuable in building capital during corrective phases.
Target: $41,620 with a stop at $43,745 or more aggressively at $43,490, depending on your understanding and confidence in the wave count.
A break of $42,542 should make the latter more meaningful.
Monthly on btcusd.January ended with a Doji candle, a symbol of uncertainty and often when seen on the tops a prelude to reversals. But for a reversal of the trend, confirmation will be needed and we know that the underlying trend is bullish, so in this context we can use the doji candle to understand whether it will make a retracement or not, using the highs and lows of the candle. For the February or March candles, a closing below the minimum should be seen as a retracement signal because to reverse the underlying trend, in addition to confirmation, time is also needed and on this we have seen that the trend has been bullish for more than a year . A close above the doji's high, however, would be a very strong bullish signal, consolidating a trend that for now seems to catch its breath in the short term and that's all.
BITCOIN - Wave D Short Trade Idea - Fake Out Wave...As noted in the previous update, it's probable that we'll witness an upward retracement for the corrective phase of Wave D in this zig-zag pattern.
Presently, we've experienced a substantial pullback, prompting the initiation of a short trade position towards the lower levels.
This move is anticipated to breach the support, confirming the culmination of a peak in the overarching pattern. Resistance is identified at $43,745, with a target set at $41,435 to complete Wave D. Subsequently, I anticipate the price to rebound into the range during Wave E.
BITCOIN - Short Trade Update - Choppy For A Reason...Whether you accept it or not, there is invariably a prevailing trend. Amid these turning points, a considerable amount of perplexity arises, contributing to the formation of these distinctive patterns.
AriasWave possesses the expertise to decipher these patterns, while adherents of Elliott Wave theory may only recognize ABC patterns. In contrast, I assert that corrections can only manifest in a series of 5 waves. This conviction underlies my firm belief that the current juncture is a pivotal turning point. To demonstrate this understanding, I diligently provide daily updates on unfolding movements, even addressing instances where I may have been unaware due to residing in Australia and being asleep during certain market events.
In my latest video, I delve into a comprehensive analysis of the current market scenario and elucidate the psychological aspects essential for success in trading.
BITCOIN - Short Idea Video - Head & Shoulders - Triple Top...We've breached the support level, signaling the end of the upward trend, and I delve into the various factors contributing to this shift in my latest video. I also discuss the reassigned labels for the Wave 2 count; in my perspective, a downward expansion indicates a weakening market. The attempt to rebound with two separate 5-Wave moves, interspersed by a zig-zag Wave D, suggests that the bears are gaining control. In times of crisis, there's potential for profit if you have a compelling reason to short, particularly during declines.
Anticipating this move to coincide with a global recession, it presents a rare chance to purchase assets at more affordable prices. Rather than viewing it negatively, see it as an opportunity – embracing both the favorable and unfavorable aspects.
A confirmation of Wave 3 downward will materialize with a break below $41,620.
Bitcoin - Potential End of Wave 2 - Time To Short?A breach below the $43,082 support level could indicate the completion of Wave E and possibly the conclusion of Wave 2. The peak occurred at $43,882, representing a distinct rejection of the 50% retracement. To confirm this scenario, watch for a breach of $41,620 or the initiation of Wave E.
BITCOIN - Long Trade Update - Video...In this video, I discuss recent long trade concepts for Bitcoin and provide a recap of the thought process that led to the decision-making for initiating these trades. Additionally, I delve into the strategies of securing profits and implementing scaling techniques. While learning fractal patterns may require dedication, they are not insurmountable. I also emphasize key traits exhibited by Wave E's, as they are pivotal in various markets over the medium term.
As of now, the established support level stands at $43,082.
See related ideas below.
Bitcoin - Long Trade Update...We currently find ourselves in the third wave of this Wave E movement, and within that wave, we are navigating through Wave 2. The anticipated support for the upcoming upward movement is set at $43,082. The commencement of the next upward phase is expected within the next several hours or possibly sooner. A decisive break above $43,790 would serve as confirmation for the upcoming move higher. I anticipate this movement to surpass the $45,000 mark. You can refer to the initial video linked below, where I initially advised on the recent upward movement.
Bitcoin - Small Long Trade In Preparation For The Big Short...In this video, I analyze the present Bitcoin price movements, indicating a potential upward shift beyond $45,000. To position myself for a short position in this market, I plan to engage in trading during the final corrective upward movement within the Wave 2 correction. The pattern at a smaller scale implies an impending upward movement, and I will utilize the starting point of this final wave as confirmation for an anticipated decline in the upcoming days. For more details on why I am choosing to short Bitcoin at the opportune moment, I've included a link to the video below.
Wave E Support: $41,580
BTC - This is Why I Am Now Shorting Bitcoin...In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I present a slightly less optimistic perspective on BNB.
While the medium-term outlook still anticipates all-time highs, the short-term signals suggest a potential impediment to the crypto market's performance due to a looming recession. Despite this, I posit that ongoing stimulus measures during such economic events act as catalysts for the subsequent upward movement. It seems imprudent to adopt a bullish stance before a correction has run its course, underscoring the fundamental principle behind the formation of AriasWave.
TRILLION DOLLAR BITCOIN CHART - Watch The Video...In the video linked below featuring this chart, I discussed the potential range of 6 trillion within a 65 trillion context. The distinction in measurement depends on whether you assess it in terms of percentage or a linear scale. The underlying rationale is rooted in the concept that if Wave 2 can undergo a 200 million percent expansion during an expanded correction, then Wave 3 would be at least as extensive.
Regardless of whether this expansion is attributed to inflation, one thing certainty prevails: people desire liberation from the current system of control and perceived enslavement. Could cryptocurrencies emerge as the new sovereign currency, leading to a substantial wealth transfer solely based on the power of choice? This proposition seems plausible, considering that the existing system would collapse without our continued faith in it. Consequently, the new system could establish itself as an independent entity, regardless of the prevalence of fake fiat dollar bills within the current framework. This implies that we held the power all along and are now unleashing a new tool against authoritarianism.
This perspective directly contradicts the concept of Central Bank Digital Currencies (CBDCs), as they would signify more of the same, if not worse.
The key insight into this chart lies not only in its deviation from Elliott Wave analysis but also in the fact that AriasWave deliberately evolved to focus solely on the corrective phase of a move. The 200 million percent purely as a correction indicates that the impulsive phase yet to come suggests that the best is indeed on the horizon.
TRILLION DOLLAR BITCOIN - No, It's Not Clickbait...To begin with, it's crucial to emphasize that this approach differs significantly from Elliott Wave analysis. Utilizing the AriasWave methodology involves years of observation and ongoing pattern analysis, making it distinct from conventional techniques. This video may seem out of the ordinary for this channel, as I've consistently held a contrarian view on Bitcoin since its inception.
By conducting a comprehensive analysis across various cryptocurrencies and concentrating on those that exhibit unique characteristics, I've formulated certain assumptions that have the potential to challenge conventional thinking using straightforward logic. This reasoning is rooted in distinguishing between impulsive moves and corrections. When a correction expands by a remarkable 200 million percent, it signifies an unusual occurrence with implications that extend into various aspects of daily life.
I don't believe we are immune to hyperinflation solely due to the existence of central banks. Instead, I perceive central banks as akin to an inebriated driver behind the wheel, with monetary policy as their preferred intoxicant. To illustrate, using the analogy of a central banker, it appears that when your only tool is a hammer, everything tends to resemble a nail. In response to every crisis, the singular tool employed is more Quantitative Easing (QE). While this type of inflation has been a persistent issue, much like the boiling frog analogy, the market seems to be reaching a critical point.
I encourage you to assess the content for yourself, bearing in mind that every posted comment endures indefinitely. Your efforts on this channel will yield lasting results, so, as always, conduct thorough research and refrain from seeking confirmation of preexisting biases if that's your inclination.
Bitcoin forcastit looks like bitcoin is taking a breather before embarking on the next bullish wave.
now we are in the crypto spring and the next 1-2 years will bring us a lot of joy :)
For me, BTC < 25000 USD is considered a suitable accumulation zone.
in fact, i think we'll be going back to that level very soon.
enjoy the trip
